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House Price Index shows property values falling at fastest pace since the GFC

House Price Index shows property values falling at fastest pace since the GFC

https://www.corelogic.co.nz/news-research/news/2022/house-price-index-shows-property-values-are-falling-at-fastest-pace-since-the-gfc

CoreLogic's House Price Index (HPI) shows that the current market downturn became further entrenched in July. The national measure of property values fell a further -0.9% in July, taking the three month drop in values to -2.5%, the largest quarterly

Nick Goodall

2 Aug 2022

article
Multiple challenges to test NZ’s declining market for rest of 2022

Multiple challenges to test NZ’s declining market for rest of 2022

https://www.corelogic.co.nz/news-research/news/2022/multiple-challenges-to-test-nzs-declining-market-for-rest-of-2022

The combination of sharply rising interest rates and the large wave of refinancing of existing mortgages that will occur over the next year is set to test the property market for the rest of 2022, CoreLogic NZ's latest Property Market & Economic

CoreLogic New Zealand

26 Jul 2022

article
High inflation and full employment mean inevitable cash rate hike

High inflation and full employment mean inevitable cash rate hike

https://www.corelogic.co.nz/news-research/news/2022/high-inflation-and-full-employment-mean-inevitable-cash-rate-hike

The Reserve Bank duly delivered another 0.5% rise in the official cash rate (OCR) today, as had been widely expected, taking it to 2.5%. This is the highest OCR level in more than six years when it was cut from 2.5% to 2.25% on 10 March 2016. With

Kelvin Davidson

13 Jul 2022

article
House Price Index: Downturn sets in with a hat-trick of -0.8% property value falls nationally

House Price Index: Downturn sets in with a hat-trick of -0.8% property value falls nationally

https://www.corelogic.co.nz/news-research/news/2022/house-price-index-downturn-sets-in-with-a-hat-trick-of-0.8-property-value-falls-nationally

CoreLogic's House Price Index (HPI), which is the most robust measure of property value change in the market, shows that the decline in property values has remained consistent with previous months.CoreLogic's House Price Index (HPI), which is the

Nick Goodall

5 Jul 2022

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A temporary respite for low deposit borrowers?

A temporary respite for low deposit borrowers?

https://www.corelogic.co.nz/news-research/news/2022/a-temporary-respite-for-low-deposit-borrowers

The latest Reserve Bank mortgage lending data shows overall activity remains subdued, with interest-only lending drifting lower, albeit there has been a bit of a respite for new low-deposit borrowers in the past few months.The latest Reserve Bank

Kelvin Davidson

29 Jun 2022

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Half of New Zealand suburbs now declining in value

Half of New Zealand suburbs now declining in value

https://www.corelogic.co.nz/news-research/news/2022/half-of-new-zealand-suburbs-now-declining-in-value

Evidence of Aotearoa's housing market downturn is becoming more widespread, with 486 suburbs recording a fall in prices over the past three months, almost double the 246 suburbs that fell in value in the preceding three-month period.

CoreLogic New Zealand

22 Jun 2022

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Equity is a rising factor for property buyers

Equity is a rising factor for property buyers

https://www.corelogic.co.nz/news-research/news/2022/equity-is-a-rising-factor-for-property-buyers

CoreLogic's Buyer Classification data for May shows some fairly stable patterns for first home buyers (FHBs) and mortgaged multiple property owners (MPOs), a slight dip for movers, but an increased market share for cash MPOs. In the current

Kelvin Davidson

15 Jun 2022

article
New Zealand property values up by almost 300% since 2003

New Zealand property values up by almost 300% since 2003

https://www.corelogic.co.nz/news-research/news/2022/new-zealand-property-values-up-by-almost-300-since-2003

Since December 2003 (i.e. almost 20 years ago), the national average property value has risen from $263,562 to $1,027,121 - an increase of $763,559, or a cumulative 290%. That represents an annual average increase per year of around 7.5%.

Kelvin Davidson

8 Jun 2022

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Current investor landscape: a focus on high yields?

Current investor landscape: a focus on high yields?

https://www.corelogic.co.nz/news-research/news/2022/current-investor-landscape-a-focus-on-high-yields

In this Market Pulse, Chief Property Economist Kelvin Davidson explores  the importance of  higher yields for property investors, looking at where those yields are and which property types might look the most appealing.Over the next fe

Kelvin Davidson

8 Jun 2022

article
House Price Index

House Price Index

https://www.corelogic.co.nz/news-research/reports/house-price-index

The CoreLogic House Price Index (HPI) is the most robust measure of property value change in the market.The CoreLogic House Price Index (HPI) provides a reliable indication of property value movement throughout New Zealand, offering an understanding

CoreLogic New Zealand

31 May 2022

report
CoreLogic HPI: Widespread fall in NZ house prices continues

CoreLogic HPI: Widespread fall in NZ house prices continues

https://www.corelogic.co.nz/news-research/news/2022/corelogic-hpi-widespread-fall-in-nz-house-prices-continues

CoreLogic's House Price Index (HPI) shows that the downwards momentum in NZ residential real estate values continued throughout May 2022. With housing credit tight and getting more expensive by the week, this trend towards weaker housing market

Nick Goodall

31 May 2022

article
Has there been a clear effect on property values from Transmission Gully?

Has there been a clear effect on property values from Transmission Gully?

https://www.corelogic.co.nz/news-research/news/2022/has-there-been-a-clear-effect-on-property-values-from-transmission-gully

When it comes to major new infrastructure projects there is always a lot of discussion about the potential spillover benefits for property owners in the vicinity, as more locations become better connected to city centres and employment hubs. And the

Kelvin Davidson

26 May 2022

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Higher OCR will keep the pressure on the housing market

Higher OCR will keep the pressure on the housing market

https://www.corelogic.co.nz/news-research/news/2022/higher-ocr-will-keep-the-pressure-on-the-housing-market

After the knife-edge decision in April about whether to raise the official cash rate (OCR) by 0.25% or 0.5%, today's decision was clearer cut. The 0.5% increase that was duly delivered took the OCR back to 2%, a level not seen since November 2016,

Kelvin Davidson

25 May 2022

article
Pain & Gain Report

Pain & Gain Report

https://www.corelogic.co.nz/news-research/reports/pain-and-gain-report

A vital research paper into the wealth created by New Zealand's largest asset class, the quarterly Pain and Gain Report provides a national overview on the proportion of properties resold for a nominal loss or gain.A vital research paper into the

CoreLogic New Zealand

23 May 2022

report
Residential property resales show first sign of slowdown

Residential property resales show first sign of slowdown

https://www.corelogic.co.nz/news-research/news/2022/residential-property-resales-show-first-sign-of-slowdown

The resale performance of residential real estate has started to weaken, CoreLogic NZ's latest Pain & Gain report found. In Q1 2022, 99.1% of properties resold made a gross profit, or gain, on the previous purchase price, down marginally from 99.3%

CoreLogic New Zealand

23 May 2022

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